As mass production has to be accompanied by mass consumption; mass consumption, in turn, implies a distribution of wealth -- not of existing wealth, but of wealth as it is currently produced -- to provide men with buying power equal to the amount of goods and services offered by the nation's economic machinery.-- Marriner Eccles

The good thing about science is that it's true whether or not you believe in it.-- Neil deGrasse Tyson/2015 (possibly earlier)

There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers. In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that they[sic] money's been massively poured back into the American worker.-- Marco Rubio (darling of the Right)/2018

While his assessment was blunt, his no-hike view had been shared by former U.S. Treasury Secretary Larry Summers, Nobel Prize laureates in economics Paul Krugman and Joseph Stiglitz and noted bond investor Jeffrey Gundlach.

Noting the error made by the ECB,

Despite the slowdown in U.S. domestic manufacturing due to sluggish global demand and modest growth in consumer spending, the Fed may raise again in March or April, according to Ricchiuto, who said the Fed has set the bar fairly low to hike rates again.

"Would the data allow for it to happen? I don't know," he said.

Data are meaningless in the face of countervailing motive and incentive. That notion is at least as important as Santayana's. Nevermind that I'm not Krugman.